(Editors at Energy Analytics Institute, 15.Jan.2025) — Energy briefs as well as others related to finance, economics, politics, and projects during Jan. 2025 including Venezuela [more…]
Tag: Occidental Petroleum (OXY)
Turmoil at Colombia’s Ecopetrol Raises Profit Fears Ahead of US Investment Decision
(REUTERS, 20.Dec.2024) — Alleged interference by Colombian President Gustavo Petro in majority state-owned Ecopetrol and purges of hundreds of staff to make way for pro-government [more…]
Ecopetrol Production Averages 737 Mboe/d in 2023
(Ecopetrol, 1.Mar.2024) — Ecopetrol SA ended 2023 with strong operational results that drove achievements across the entire company. We have achieved the second-best financial results in [more…]
Occidental to Buy CrownRock for $12bn
(Oxy, 11.Dec.2023) — Occidental (NYSE: OXY) entered into a purchase agreement to acquire Midland-based oil and gas producer CrownRock L.P., a joint venture of CrownQuest Operating [more…]
Oxy Reports 3Q:23 Results [PDF Downloads]
(Oxy, 7.Nov.2023) — Occidental (NYSE: OXY) today announced net income attributable to common stockholders for the third quarter of 2023 of $1.2bn, or $1.20 per diluted share, [more…]
Oxy and BlackRock JV to Develop STRATOS DAC Plant
(Oxy, 7.Nov.2023) — Occidental (NYSE: OXY) announced today that BlackRock (NYSE: BLK) will invest $550mn on behalf of clients in the development of STRATOS, the world’s largest Direct [more…]
Occidental Announces 1Q:23 Results
(Oxy, 9.May.2023) — Occidental (NYSE: OXY) announced net income attributable to common stockholders for the first quarter of 2023 of $983mn, or $1.00 per diluted share, [more…]
Ecopetrol’s New CEO Seeks to Boost Oil Output Amid Petro Restrictions
(Bloomberg, 25.Apr.2023) — Ecopetrol SA will invest in technology to boost output at oil fields it operates as the Colombian government sticks to a pledge [more…]
Houston Texans to Purchase Carbon Removal Credits
(Oxy, 6.Jan.2023) — 1PointFive, a subsidiary of Occidental’s (NYSE: OXY) Low Carbon Ventures (OLCV) business, today announced an agreement and sponsorship with the Houston Texans [more…]
NRGBriefs: Biden’s Middle East Trip, Sasol’s Force Majeure
(Energy Analytics Institute, 14.Jul.2022) — Energy briefs including US President Joe Biden continues meeting with world leaders in the Middle East as part of his [more…]
NRGBriefs: Ecopetrol’s and Oxy’s Caribbean Deep-Water Deal
(Energy Analytics Institute, 18.Apr.2022) — Energy briefs including Colombia’s state-owned Ecopetrol and US-based Occidental announcing plans to jointly participate in exploration activities in four blocks [more…]
Oxy Reveals Cash Tender Offers for Certain Senior Notes
(Oxy, 16.May.2022) — Occidental (NYSE: OXY) has commenced cash tender offers to purchase its outstanding notes listed in the tables below in three separate pools. Occidental’s [more…]
NRGBriefs: Trinidad’s Gas and LNG Production Fell in Nov. 2021
(Energy Analytics Institute, 2.Feb.2022) — Energy briefs including Trinidad and Tobago’s Ministry of Energy and Energy Industries (MEEI) reporting gas, oil and LNG production figures [more…]
Colombia Testing Waters for Carbon-Neutral Crude
(Bloomberg, 7.Dec.2021) — Colombia, a producer of sludgy, dirty oil, is seeking to sell crude that’s carbon neutral as it tests the market’s appetite for [more…]
NRGBriefs: Atlantic LNG’s Carbon Abatement Plan
(Energy Analytics Institute, 29.Oct.2021) — Energy briefs including Atlantic LNG revealing its carbon abatement strategy; Brazil’s oil giant Petrobras reducing its gross debt load to [more…]
Occidental Divests Ghana Assets for $750mn
(Occidental, 13.Oct.2021) — Occidental (NYSE:OXY) agreed to sell its interests in two Ghana offshore fields for $750mn to Kosmos Energy ($550mn) and Ghana National Petroleum [more…]
NRGBriefs: Suriname’s Oil Finds
(Energy Analytics Institute, 8.Oct.2021) — Energy briefs including Blue Sky Uranium Corp.’s plans to implement a warrant exercise incentive program; Occidental revealing the date for [more…]
ANH Inks Contracts With Anadarko Colombia
(ANH, 8.Oct.2021) — The National Hydrocarbons Agency (ANH) and Anadarko Colombia Company signed 4 contracts for the exploration and production of hydrocarbons in the Colombian [more…]
Ecopetrol Eyes Capex of $3.5-$4bn In 2021
(Ecopetrol, 14.Dec.2020) — Ecopetrol S.A.’s Board of Directors approved the 2021 organic investment plan for the Ecopetrol Group (GE) for an estimated amount between $3.5bn [more…]
ANH Says 16 Companies Qualified For 3rd PPAA
(Energy Analytics Institute, 23.Oct.2020) — Colombia’s National Hydrocarbon Agency or ANH published a definitive list of 16 companies qualified for the third cycle of its [more…]
Oxy Sales Colombian Onshore Assets to The Carlyle Group
(Piero Stewart, Energy Analytics Institute, 1.Oct.2020) — Houston-based Occidental Petroleum inked an agreement to divest its onshore assets in Colombia to The Carlyle Group for [more…]
Bayón Says Unconventionals Not The Only Option
Ecopetrol’ CEO Felipe Bayón said unconventionals were a very important option for Colombia since they allowed the country to boost its oil and gas reserves-to-production ratios while generating benefits for many regions such as employment, and goods and services. But he added: “In terms energy security, unconventionals are very important but they’re not the only option.”
Total Discontinues Purchase Of Oxy’s Assets In Ghana
(Total, 18.May.2020) — In August 2019, Total and Occidental Petroleum entered into a Purchase and Sale Agreement (PSA) in order for Total to acquire Anadarko’s [more…]
Ecopetrol and OXY Finalize Permian Deal
(Ecopetrol, 13.Nov.2019) — Ecopetrol S.A. completed the joint venture transaction announced on 31 July 2019. Through this deal, the company and Occidental Petroleum Corp agreed [more…]
Ecopetrol To Ratchet Up Oil Output By 4% In 2020
(S&P Global Platts, 30.Oct.2019) — Colombia’s state-controlled Ecopetrol is targeting 2020 production of 740,000-760,000 barrels of crude and equivalents per day, up to 4% more [more…]
Ibank Jefferies Cuts Bankers As M&A Slows
(Reuters, Gary McWilliams and David French, 27.Sep.2019) — Jefferies Financial Group has laid off 15 people in its energy investment banking team, as the bank [more…]
Ecopetrol Call To Discuss Oxy Midland Basin Deal
(Ecopetrol, 31.Jul.2019) — Ecopetrol S.A. announces that on August 1st, Ecopetrol’s senior management will host two conference calls to review the joint venture with Occidental [more…]
Ecopetrol and Occidental Form Strategic Midland JV
(Ecopetrol, 31.Jul.2019) — Ecopetrol S.A. announced formation of a joint venture with Occidental Petroleum Corporation to develop 97,000 net acres of Occidental’s Midland Basin properties [more…]
ANH Approves Occidental Farm Out with Amerisur
(Amerisur, 11.Jun.2019) — Colombia’s National Hydrocarbon Agency (ANH) granted approval of the farm-out agreement with Occidental announced 23 November 2018. The deal relates to four [more…]
Total CEO Says Planned Buy Of Anadarko’s Africa Assets ‘Perfectly Fitting’
(Reuters, Humeyra Pamuk, 16.May.2019) — French energy giant Total SA’s planned acquisition of U.S. firm Anadarko’s African assets is “perfectly fitting” with the company’s overall [more…]
WoodMac: Chevron Exits Bidding War For Anadarko
(WoodMac, 9.May.2019) — Chevron Corporation today announced that it would not offer a counter proposal to Occidental Petroleum’s rival bid to acquire Anadarko Petroleum. Earlier [more…]
Oxy’s $8.8bn Total Deal ‘May Soothe Anadarko Shareholder Jitters’
(WoodMac, 6.May.2019) — In another bold move in its takeover battle with Chevron for Anadarko Petroleum, on 5 May said Occidental Petroleum entered into a [more…]
Peru Gives Tullow Oil Another Shot At Exploration
(Argus, 1.May.2019) — Peru reapproved a contract for UK-listed Tullow Oil to explore shallow-water block Z-64. This is Tullow’s second chance with the block, nearly [more…]
Occidental Makes $38bn Rival Bid for Anadarko
(WoodMac, 24.Apr.2019) — Occidental Petroleum today put forward a rival bid to acquire Anadarko Petroleum for US$38 billion, surpassing Chevron’s US$33 billion offer earlier this [more…]
Colombia’s Cano Limon Pipeline Restarts
(Seeking Alpha, Carl Surran, 17.Jul.2018) – Colombia’s Cano Limon-Covenas pipeline has resumed pumping oil after a 180-day stoppage due to repeated attacks by Marxist ELN [more…]
